ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Agnico Eagle Mines's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 22.48%.
As of today (2026-06-25), Agnico Eagle Mines's WACC % is 13.94%. Agnico Eagle Mines's ROC % is 17.30% (calculated using TTM income statement data).
Agnico Eagle Mines generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Agnico Eagle Mines (FRA:AE9) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Agnico Eagle Mines's WACC % is 13.94%. Agnico Eagle Mines's ROC % is 17.30% (calculated using TTM income statement data).
Agnico Eagle Mines generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Agnico Eagle Mines ROC % Related Terms
Agnico Eagle Mines ROC % Historical Data
* Premium members only.
The historical data trend for Agnico Eagle Mines's ROC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Agnico Eagle Mines (FRA:AE9) has a ROC % of 22.48% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Agnico Eagle Mines and its competitors.
Is Agnico Eagle Mines' ROC % too high?
Agnico Eagle Mines' current ROC % is 22.48%. Overall, Agnico Eagle Mines has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' ROC % compare to NEM and AU?
Agnico Eagle Mines' ROC % of 22.48% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Metals & Mining company?
A good ROC % depends on the Metals & Mining industry context. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current ROC % is 22.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (FRA:AE9) is currently considered Fairly Valued. The stock's GF Value™ is €139.25, compared to a current price of €134.20 — trading 3.6% below its estimated fair value. The current ROC % is 22.48%. Agnico Eagle Mines' overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Agnico Eagle Mines (FRA:AE9), the current ROC % is 22.48% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Agnico Eagle Mines (FRA:AE9) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued.
The current stock price of €134.20 is trading 3.6% below its estimated GF Value™ of €139.25.
GuruFocus considers Agnico Eagle Mines to be Fairly Valued.
Key valuation signals for FRA:AE9:
ROC %: 22.48%
GF Value™: €139.25 vs. price of €134.20 (3.6% below fair value)
No single metric tells the full story. See the FRA:AE9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
97GF Score
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